For the first time in over 18 months, Lexus has taken the top spot for number of luxury vehicles sold in the United States and seems poised to take back its reign as the top luxury auto manufacturer beginning in 2013.
Toyota Motor Corp. (7201)’s Lexus, which lost its crown as the top-selling luxury auto brand in the U.S. last year, boosted sales 34 percent last month to move past Daimler AG (DAI)’s Mercedes-Benz and Bayerische Motoren Werke AG. (BMW)
It’s the first time the Japanese luxury brand beat both of its German competitors to be No. 1 in monthly sales since December 2010 before inventory was hurt by last year’s natural disasters in Asia. Lexus sold 24,237 vehicles in August, the Toyota City, Japan-based company said in a statement yesterday. Continue Reading
